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GLOBAL ECONOMY-Warning signs for China, Fed hints at curbing stimulus
Reuters* Chinese factory activity declines in May -PMI * Data and comments from Bernanke send shares plummeting * Euro zone downturn eases slightly * Recovery still looks a way off By Andy Bruce LONDON, May 23 (Reuters) - Chinese factory activity shrank...Tags: Japan, HSBC Holdings plc, Economy, Business and Finance, Market and Exchange, China
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Lenovo quarterly profit rises 90 percent as smartphone, mobile computer business expands
AP Business WriterBEIJING (AP) — Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded. Lenovo said it earned $127 million, or 1.22 cents per share, in the three...Tags: Samsung Group, South Korea, Computer Hardware, Economy, Business and Finance, Apple Inc.
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Exclusive :China urbanization plan hits roadblock over spending fears - sources
ReutersBEIJING (Reuters) - China's plan to spend $6.5 trillion on urbanization to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending binge could push up local debt levels and inflate a property...Tags: Local Government, National Government, Economy, Business and Finance, Government, Finance
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EU trade chief to seek investment pact with China
Reuters* Agreement would protect EU investors in China * Could eventually pave the way for a free-trade deal By Robin Emmott BRUSSELS, May 23 (Reuters) - The European Commission will seek the support of EU governments to launch talks with China on an...Tags: Trade Agreements, New Products, China, G20, Politics
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GLOBAL ECONOMY-U.S., Chinese factories struggle, Fed hints at less stimulus
Reuters* Chinese factory activity declines in May - PMI * U.S. manufacturing activity hits seven-month low * Euro zone downturn eases slightly * Data and comments from Bernanke send shares plummeting By Andy Bruce and Steven C. Johnson LONDON/NEW YORK,...Tags: Employment, Employment Opportunities, Ben Bernanke, Globalization, Japan
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GLOBAL ECONOMY-U.S., China factories struggle; Fed hints at less stimulus
Reuters* China PMI shows factory activity declined in May * U.S. manufacturing activity hits seven-month low * Euro zone downturn eases slightly * Data, Bernanke comments from Wednesday send shares plummeting By Andy Bruce and Steven C. Johnson LONDON/NEW...Tags: Employment, Employment Opportunities, Central Bank, Stock Market, Globalization
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U.S., China factories struggle; Fed hints at less stimulus
ReutersLONDON/NEW YORK (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest pace since October, suggesting it may take a while before the global economy starts to pick up steam....Tags: Employment, Employment Opportunities, Economy, Business and Finance, Central Bank, Stock Market
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EU denies breakdown in solar panel talks
ReutersBy Ethan Bilby BRUSSELS, May 23 (Reuters) - The European Commission rejected Chinese trade association statements that talks to resolve a dispute over allegations of dumping of solar panels had broken down, while Chinese comments highlighted risks the...Tags: Regulatory Policy and Organizations, New Products, Electronics, China, Science and Technology
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China factory activity shrinks for first time in seven months: flash PMI
ReutersBEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be...Tags: Employment, Money and Monetary Policy, Employment Opportunities, Economy, Business and Finance, Heavy Engineering
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Survey shows China manufacturing contracting, adding to signs economy cooling
AP Business WriterBEIJING (AP) — A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing. HSBC Corp. said Thursday the preliminary version of its monthly purchasing managers index fell to...Tags: HSBC Holdings plc, Robin Williams, China, Productivity, Labor Markets
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China may scrap floor for interest rates this year -media
ReutersBEIJING, May 23 (Reuters) - China may remove its floor for interest rates as early as this year or next year at the latest, Chinese media said on Thursday, an important step towards freeing the country's tightly-controlled interest rates market. Ba...Tags: Money and Monetary Policy, Economy, Business and Finance, Finance, China
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European banks stop sending money to North Korea: aid groups
ReutersBEIJING (Reuters) - European aid groups said their banks in Europe had stopped sending money to North Korea in the wake of U.S. sanctions on Pyongyang's main foreign exchange bank, leaving them scrambling for a solution short of hand-carrying cash into...Tags: Banking, Money and Monetary Policy, Economy, Business and Finance, North Korea, International Organizations
May 23, 2013
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May 22, 2013
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May 22, 2013
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